phone interview Tuesday

Peter Schiff, the divisive investor and Coach Outlet commentator that predicted the subprime/real-estate bubble, is forecasting a U.S. Coach Outlet Online dollar and bond crisis over the next couple of years. Winter Clothes Schiff blames intervened bond markets, where rates are artificially and excessively low, and expects the coming crisis to blow the 2008-9 Red Bottom Shoes financial crisis out of the water.
There is little doubt that the Federal Reserve, with Chairman Ben Bernanke at the Red Sole Shoes helm, is holding markets by the hand. Bernanke, himself a divisive figure, has done all he can to push interest rates lower, using quantitative Red Bottom Heels easing and Operation Twist once nominal rates had hit the zero-range. While many believe ultra-loose monetary policy is dangerous, Louboutins Outlet Schiff thinks it will lead to a catastrophic correction.
“The more you delay it, the bigger it will be,” Schiff tells Forbes in a phone interview Tuesday, “so we need to raise interest rates during the Christian Louboutins Outlet recession to confront the inefficiencies.” Recent market behavior supports his thesis that massive dislocations in bond yields distort reality.